A Bad Investment Idea Spawns Another
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In case you happen to miss it, a Ron Steen offered up 2% of his future income in exchange for $100,000 today (listing has, of course, long since been taken down). Interesting idea on his part, but a not-so-enticing investment opportunity for anyone who can do a little math, even with his generous estimate of a $30 million in lifetime income.
Now I see we have another youngster trying something similar. Mr. TJ Smith of Nebraska is offering up 10% of his earnings in exchange for $65,000, until the total payoff reaches the $65,000 + 10%. Which, if I’m reading his description right, he figures will be completed in, oh, 10+ years in the future - his own calculations of 8.125 years of earning $80,000 in addition to the (being exceedingly generous here I’m afraid - basic math seems like a good prerequisite to have if you’re going into Software Engineering) a couple years of schooling.
By my math, that sounds like a mouth-watering return on investment of, hmm, 0.96%. I think I’ll pass on this one… 
Tagged:
» ROI, return on investment, ebay, future, bad math
